State Street Global Advisors is introducing three new exchange-traded funds (ETFs) focused on digital assets and emerging technologies.
Managed by Galaxy Asset Management, the new ETFs include the SPDR Galaxy Digital Asset Ecosystem ETF (DECO), the SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO), and the SPDR Galaxy Transformative Tech Accelerators ETF (TEKX).
DECO aims to capture the growth from blockchain and digital assets, including cryptocurrencies, through ETFs and futures.
HECO offers similar exposure but adds volatility management with covered and protective put options. TEKX targets investments in companies driving disruptive technologies like blockchain and AI.
Anna Paglia, Chief Business Officer at State Street Global Advisors, highlighted the transformative potential of digital assets and blockchain technology for financial markets and the broader economy.
She noted that the new ETFs are designed to address investor concerns about cryptocurrency volatility by offering diversified, actively managed portfolios.
UBS analyst Brian Meredith has revised his outlook on Berkshire Hathaway’s Class B shares, trimming the price target from $606 to $591, while maintaining a “buy” rating.
In a move not seen in decades, the U.S. Treasury Department has initiated a historic $10 billion bond buyback—its largest ever—targeting securities set to mature between mid-2025 and mid-2027.
In a bold move to reshape the future of ApeCoin, Yuga Labs has introduced a proposal that would dissolve the existing ApeCoin DAO and replace it with a streamlined management body called ApeCo.
Circle’s arrival on the New York Stock Exchange sent shockwaves through the market, and Cathie Wood’s ARK Invest wasted no time jumping in.